Posts Tagged ‘RVN

As it was recently announced Ravencoin (RVN) has released a whitepaper and a roadmap regarding the future of the project, something that a lot of users were eagerly anticipating. The whitepaper titled Ravencoin: A Peer to Peer Electronic System for the Creation and Transfer of Assets gives a bit more details as to what the project is intended to be used for, namely as a platform for transfer of assets or tokens. The Ravencoin Roadmap on the other hand gives a bit more technical details about the upcoming features as well as a bit of information when to expect them such as “The expected release of asset capabilities will be approximately seven months after the release of RVN. Raven will be extended to allow issuing, reissuing, and transfer of assets.” Both documents are still a bit short on details and information, but they cover the base things as RVN is still a work in progress project. So if you have been following the RVN project and were interested in it, then you might want to take a look at the latest updates.

To keep a track of the discussion about Ravencoin (RVN) latest updates on Bitcointalk…

RavenCoin (RVN) seems to have appeared out of nowhere for many people and there are still quite a lot of miners that are not aware of this potentially interesting crypto coin. Ravencoin is being described as “a use case specific blockchain designed to carry statements of truth about who owns what asset” and there is still a low unknown about the project. The interest in RVN however keeps growing and more people are getting interested in it and are starting to mine it and as a result the network is growing. You can keep track of how things move on on the useful Ravencoin Statistics website and how the network is progressing over time. The recent announcement that the Ravencoin roadmap and accompanying paper will be published on April 3 have further helped to increase the interest as currently there is just a short White Paper regarding the new X16r algorithm used by the coin.

Up until recently Ravencoin (RVN) was not traded on any exchange and was moved only as OTC sales and that is one of the reasons why the coin remained widely unknown for a while after its initial launch. Recently the decentralized exchange Crypto Bridge has added trading of RVN and that has helped move things further and help miners get more interest as they could easily sell coins. If you are interested in the profitability and are interested in just short term profit there is a useful RVN mining calculator that can give you an idea on how may coins you can mine and what profit you can expect. It can be useful for long term mining and holding as well as you can get an idea with what GPU mining hardware how many coins you can expect to mine, even though short term profitability does seem to be pretty good at the moment.

There is always a risk with new coins, especially when they tend to be more cryptic and not fully transparent at the beginning regarding what they are about and what their future plans are. So there is risk with Ravencoin (RVN) as well at this point as there are still a lot of unknowns, but higher risks do seem to pay out well if things tend to turn out for the better.

For the AMD X16r sgminer fork for Raven (RVN) Mining…
For the Nvidia X16r ccMiner Enemy 1.03 fork for Raven (RVN) Mining…

There is now a fork of sgminer also available for mining the X16r algorithm used by Raven (RVN), so the coin is no longer in the domain of Nvidia miners alone. The sgminer-gm fork with X16R support by aceneun should work on most recent AMD GPUs such as RX 4xx/5xx series and RX VEGA just fine, we have not tested it on older generations, but it might be just fine for them as well. Do note that there is a Windows binary available and it requires you to have the 32-bit (x86) version of Visual C++ Redistributable for Visual Studio 2015 installed in order to run it.

The performance you could expect from the sgminer-gm-x16r is about 5-6 MHS on AMD Radeon RX 470/480 or RX 570/580 series of GPUs, though the results can vary based on different clock settings. On an AMD Radeon RX VEGA 56/64 GPU you should be able to get about 10-12 MHS, though again results can vary depending on configuration and clocks. Performance wise it is not bad compared to what users are getting on their Nvidia GPUs, though the latest ccMiner Enemy 1.03 fork for Raven (RVN) does provide higher hashrate on Nvidia GPUs.

Regardless if you are using AMD or Nvidia GPUs, mining Raven (RVN) might not be a bad idea at the moment as there is a lot of user interest and hype surrounding the coin and difficulty is growing. We are yet to see however how will things develop in the near and the not so near future with this coin as it may all end up with too much hype, but then again this could also end up being a gem for the earlier adopters as well. The difficulty of the coin has been steadily growing in the last few days and now with an AMD GPU miner available as well it will most likely continue to grow higher.

To download and try the sgminer-gm-x16r AMD GPU miner for Raven’s (RVN) X16r algorithm…


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